Can I retire at age 45 with 9,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$792,759$785,698$778,808$772,084$765,517$754,078
2 years$392,455$385,146$378,062$371,194$364,532$353,033
3 years$259,038$251,697$244,631$237,828$231,274$220,073
4 years$192,342$185,024$178,029$171,341$164,947$154,129
5 years$152,335$145,061$138,158$131,607$125,390$114,988
6 years$125,673$118,453$111,652$105,247$99,217$89,243
7 years$106,636$99,477$92,783$86,529$80,690$71,147
8 years$92,364$85,270$78,688$72,587$66,940$57,826
9 years$81,270$74,243$67,774$61,828$56,373$47,685
10 years$72,400$65,441$59,087$53,297$48,033$39,762
11 years$65,147$58,259$52,019$46,384$41,310$33,450
12 years$59,108$52,290$46,165$40,685$35,798$28,338
13 years$54,001$47,255$41,246$35,919$31,217$24,147
14 years$49,628$42,953$37,060$31,885$27,364$20,673
15 years$45,842$39,239$33,460$28,435$24,094$17,770
16 years$42,532$36,001$30,336$25,461$21,294$15,324
17 years$39,614$33,155$27,605$22,876$18,881$13,253
18 years$37,024$30,637$25,200$20,616$16,788$11,488
19 years$34,708$28,394$23,069$18,629$14,963$9,979
20 years$32,627$26,385$21,172$16,872$13,366$8,683
21 years$30,747$24,577$19,474$15,312$11,961$7,567
22 years$29,040$22,941$17,948$13,922$10,721$6,603
23 years$27,483$21,457$16,572$12,679$9,624$5,768
24 years$26,059$20,104$15,326$11,564$8,650$5,043
25 years$24,750$18,866$14,195$10,561$7,784$4,414
26 years$23,544$17,731$13,165$9,657$7,011$3,865
27 years$22,430$16,687$12,225$8,839$6,321$3,387
28 years$21,396$15,724$11,365$8,098$5,704$2,970
29 years$20,436$14,834$10,576$7,426$5,150$2,605
30 years$19,541$14,009$9,851$6,816$4,654$2,287
31 years$18,706$13,243$9,184$6,260$4,207$2,007
32 years$17,925$12,531$8,569$5,753$3,806$1,763
33 years$17,192$11,867$8,001$5,290$3,444$1,549
34 years$16,504$11,247$7,475$4,867$3,118$1,361
35 years$15,857$10,668$6,989$4,481$2,825$1,196
36 years$15,247$10,125$6,538$4,127$2,559$1,051
37 years$14,671$9,617$6,119$3,802$2,319$924
38 years$14,127$9,139$5,731$3,504$2,103$813
39 years$13,613$8,690$5,369$3,231$1,907$715
40 years$13,125$8,268$5,032$2,980$1,730$629
41 years$12,662$7,871$4,719$2,750$1,569$553
42 years$12,222$7,496$4,426$2,538$1,424$487
43 years$11,804$7,142$4,153$2,343$1,292$428
44 years$11,406$6,808$3,899$2,163$1,173$377
45 years$11,027$6,492$3,661$1,998$1,065$331
46 years$10,665$6,193$3,438$1,845$967$292
47 years$10,320$5,910$3,230$1,705$878$257
48 years$9,990$5,642$3,036$1,575$797$226
49 years$9,675$5,388$2,853$1,456$724$199
50 years$9,373$5,146$2,682$1,346$658$175

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,600,000, adding $6,942 every year, while hoping to spend $41,851 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 68/10/22 Blend
44$9,600,000$9,600,000$9,600,000$9,600,000
45$10,586,361$10,077,561$9,928,761$11,247,049
46$11,621,640$10,526,832$10,216,845$12,139,696
47$12,761,116$10,996,715$10,513,178$13,110,356
48$14,015,371$11,488,175$10,817,990$14,171,222
49$15,396,068$12,002,225$11,131,522$15,331,194
50$16,916,056$12,539,923$11,454,017$16,600,069
51$18,589,495$13,102,381$11,785,728$17,988,630
52$20,431,988$13,690,761$12,126,914$19,508,750
53$22,460,724$14,306,283$12,477,840$21,173,500
54$24,694,649$14,950,222$12,838,779$22,997,272
55$27,154,637$15,623,916$13,210,011$24,995,913
56$29,863,690$16,328,768$13,591,826$27,186,872
57$32,847,153$17,066,244$13,984,519$29,589,364
58$36,132,956$17,837,883$14,388,394$32,224,549
59$39,751,876$18,645,298$14,803,764$35,115,729
60$43,737,827$19,490,177$15,230,949$38,288,569
61$48,128,179$20,374,290$15,670,280$41,771,335
62$52,964,114$21,299,491$16,122,095$45,595,156
63$58,291,010$22,267,722$16,586,741$49,794,321
64$64,158,873$23,281,021$17,064,577$54,406,598
65$70,622,807$24,341,520$17,555,970$59,473,585
66$77,743,533$25,451,454$18,061,295$65,041,107
67$85,587,966$26,613,168$18,580,940$71,159,640
68$94,229,840$27,829,115$19,115,303$77,884,785
69$103,750,410$29,101,868$19,664,793$85,277,795
70$114,239,216$30,434,124$20,229,827$93,406,146
71$125,794,928$31,828,707$20,810,838$102,344,171
72$138,526,276$33,288,579$21,408,267$112,173,761
73$152,553,081$34,816,844$22,022,568$122,985,132
74$168,007,378$36,416,753$22,654,207$134,877,676
75$185,034,672$38,091,715$23,303,664$147,960,892
76$203,795,301$39,845,301$23,971,430$162,355,420
77$224,465,958$41,681,258$24,658,009$178,194,173
78$247,241,354$43,603,507$25,363,920$195,623,590
79$272,336,055$45,616,162$26,089,695$214,805,011
80$299,986,513$47,723,534$26,835,880$235,916,200
81$330,453,291$49,930,141$27,603,036$259,153,015
82$364,023,528$52,240,719$28,391,738$284,731,253
83$401,013,644$54,660,231$29,202,578$312,888,684
84$441,772,334$57,193,880$30,036,162$343,887,288
85$486,683,851$59,847,120$30,893,114$378,015,725
86$536,171,642$62,625,667$31,774,071$415,592,053
87$590,702,338$65,535,513$32,679,690$456,966,724
88$650,790,162$68,582,938$33,610,646$502,525,891
89$717,001,784$71,774,528$34,567,628$552,695,040
90$789,961,669$75,117,183$35,551,346$607,943,006
91$870,357,971$78,618,137$36,562,528$668,786,390
92$958,949,033$82,284,975$37,601,922$735,794,429
93$1,056,570,542$86,125,646$38,670,294$809,594,362
94$1,164,143,419$90,148,484$39,768,430$890,877,344
95$1,282,682,514$94,362,226$40,897,139$980,404,963
96$1,413,306,185$98,776,030$42,057,248$1,079,016,423
97$1,557,246,858$103,399,497$43,249,607$1,187,636,453
98$1,715,862,657$108,242,692$44,475,089$1,307,284,035
99$1,890,650,231$113,316,167$45,734,588$1,439,082,006
100$2,083,258,880$118,630,985$47,029,022$1,584,267,655